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Conveyance Sale Deed

Conveyance Sale Deed Template for India

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Key Requirements PROMPT example:

Conveyance Sale Deed

"Need a Conveyance Sale Deed for transferring a family-owned residential property in Mumbai from three siblings as co-sellers to a single buyer, with completion scheduled for March 2025, including provisions for existing tenant rights."

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Document background
The Conveyance Sale Deed is the primary legal instrument used in India for transferring immovable property ownership from one party to another. This document is essential whenever there is a sale of immovable property, whether residential, commercial, or industrial. It includes crucial information such as property details, party information, consideration amount, and various declarations and warranties. The deed must comply with the Transfer of Property Act 1882, Registration Act 1908, and state-specific stamp duty laws. It requires mandatory registration at the Sub-Registrar's office and payment of appropriate stamp duty. The document serves as conclusive evidence of property ownership and is critical for establishing a clear chain of title. A properly executed Conveyance Sale Deed protects both buyer's and seller's interests by clearly documenting the terms and conditions of the property transfer.
Suggested Sections

1. Title and Date: Specifies the document as a Sale Deed and the date of execution

2. Parties: Detailed identification of the Vendor/Seller and Purchaser/Buyer with complete names, ages, addresses, and legal capacity

3. Recitals: Background information establishing the chain of title, ownership rights of the seller, and circumstances leading to the sale

4. Definitions: Definitions of key terms used in the deed including property description, parties, and technical terms

5. Details of Property: Comprehensive description of the property being conveyed including boundaries, measurements, and unique identifiers

6. Consideration: Clear statement of the sale price, payment terms, and acknowledgment of receipt

7. Transfer Declaration: Explicit statement transferring all rights, title, and interest in the property from seller to buyer

8. Seller's Covenants: Warranties and representations by the seller regarding title, encumbrances, and right to sell

9. Rights and Interests Transferred: Detailed description of all rights, easements, and appurtenances being transferred

10. Possession: Declaration of handling over possession and effective date of transfer

11. Registration Details: Provisions for registration and payment of stamp duty

12. Execution Clause: Formal closing stating the deed is executed by the parties

Optional Sections

1. Pending Litigation Declaration: Required if there are any ongoing legal proceedings affecting the property

2. Mortgage Details: Needed if there are any existing mortgages or charges on the property

3. Power of Attorney: Required if any party is acting through an authorized representative

4. Society NOC: Required for apartment/society properties requiring society approval

5. Special Conditions: Any specific conditions or restrictions on the property use or transfer

6. Tax Clearance: Declaration regarding payment of property taxes and other dues

7. Compliance Certificates: References to statutory compliances and certificates obtained

Suggested Schedules

1. Schedule A - Property Description: Detailed technical description of the property including measurements, boundaries, and survey numbers

2. Schedule B - Title Documents: List of all title documents evidencing the chain of title

3. Schedule C - Property Tax Receipts: Copies of recent property tax payments and clearance certificates

4. Schedule D - Encumbrance Certificate: Recent encumbrance certificate showing any registered transactions

5. Schedule E - Building Plans: Approved building plans and completion certificates if applicable

6. Schedule F - Land Use Permissions: Copies of land use permissions and conversion orders if applicable

7. Schedule G - Previous Agreements: Copies of relevant previous agreements affecting the property

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Construction

Banking and Finance

Legal Services

Property Development

Housing

Commercial Property

Industrial Property

Agriculture (for agricultural land)

Infrastructure

Relevant Teams

Legal

Real Estate

Compliance

Property Management

Documentation

Finance

Corporate Affairs

Risk Management

Operations

Administration

Relevant Roles

Legal Counsel

Property Lawyer

Real Estate Manager

Property Manager

Compliance Officer

Title Officer

Real Estate Agent

Property Developer

Land Acquisition Manager

Corporate Counsel

Real Estate Partner

Property Documentation Officer

Registration Officer

Company Secretary

Finance Manager

Industries
Transfer of Property Act, 1882: Primary legislation governing the transfer of immovable property in India, defining requirements for valid property transfers, rights and obligations of parties, and essential elements of a sale deed
Registration Act, 1908: Mandates compulsory registration of sale deeds for immovable property, prescribes registration procedures, and requirements for valid registration
Indian Stamp Act, 1899: Determines the stamp duty payable on sale deeds and other property documents, though rates vary by state
Indian Contract Act, 1872: Provides the fundamental legal framework for contract formation, including aspects of offer, acceptance, consideration, and capacity of parties
State-specific Stamp Duty Laws: Local state laws determining the exact stamp duty rates and additional surcharges applicable to property transactions in that particular state
Real Estate (Regulation and Development) Act, 2016: Relevant if the property involves newly constructed real estate, ensuring compliance with developer obligations and buyer protections
Income Tax Act, 1961: Governs tax implications of property transfers, including capital gains tax and TDS requirements on property transactions
Local Municipal Laws: Municipal regulations governing property usage, zoning requirements, and necessary clearances for property transfer in the specific locality
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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